ShawCor Ltd.


Description

ShawCor Ltd. is a growth-oriented, global energy services company that operates through ten divisions which focus on technology-based products and services for the pipeline and pipe services market and the petrochemical and industrial market with manufacturing and service facilities located in over fifteen countries around the world.ShawCor Ltd is now in its fifth decade as a public company, beginning as a specialty pipe coater in Ontario, Canada and growing into a diversified global energy services company. Important milestones in the Company's history include:
[quote]1930's ShawCor evolves from a general construction company established by Francis E. Shaw in south-western Ontario1950's Shaw Pipe Protection Limited, a specialized pipecoating company, is formed and introduces "Yellow Jacket" polyethylene coating.1960's Pipecoating plants are established in Regina, Edmonton, Montreal, Calgary and Vancouver; first international expansion occurs in Australia.1969 Shaw Pipe Industries Ltd. is incorporated in 1968 and converts to a public company on June 27, 1969; common shares are listed on the Toronto Stock Exchange.1970's Shaw Pipe Protection expands into the United States, participates in several international projects and introduces fusion bonded epoxy (FBE) coatings.1980 Corporate name change to Shaw Industries Ltd. from Shaw Pipe Industries Ltd. reflects diverse nature of the growing business.1987 Company enters oil country tubular markets with the acquisition of Guardian Inspection Services Ltd.1991 Shaw Pipeline Services is formed to commercialize internally developed ultrasonic pipeline girth weld inspection technology.1996 Shaw Industries enters joint venture with Dresser Industries to form Bredero Shaw, the world's largest pipecoating business.1998 Canusa-EMI acquires German based DSG group of companies, expands presence in global heat shrink markets and adopts DSG-Canusa name worldwide.2000 Shaw Pipeline Services acquires radiographic inspection assets and business of Edwards Pipeline Services to strengthen operations in the United States.2001 Corporate name changed to ShawCor Ltd.2002 ShawCor acquires the 50% of Joint Venture with Dresser Industries that it did not already own, making Bredero Shaw the world's largest pipecoating company now fully owned by ShawCor.2003 ShawCor is awarded contract to provide pipecoating for the Ormen Lange Pipeline Project, which, at 1,200 km in length, is the world's longest subsea pipeline.2005 ShawCor's total consolidated revenue reaches a new record and exceeds $1.0 billion for the first time.2006 ShawCor achieves record revenue and net income from continuing operations and acquires a 50% interest in Bredero Shaw Revestimentos de Tubos Ltda. in Brazil.2007 ShawCor's Chairman for the past twenty-two years, Leslie Shaw, passes away on January 17, 2007; Virginia Shaw becomes Chair of ShawCor Ltd. on February 7, 2008.2008 ShawCor acquires Flexpipe Systems Inc., a leading manufacturer of flexible composite pipe used for oil and gas gathering systems, water transportation, CO2 injection and other corrosive applications.2010 Remaining 50% interest in Thermotite Brasil Ltda. and BS Servicios de Injeção acquired by ShawCor Ltd.2011 The advanced Subsea Test Facility, including the industry’s largest and most advanced Simulated Service Vessel for the testing of offshore insulation coating, is inaugurated in Toronto, Canada. ShawCor acquires CSI to broaden portfolio of shop-applied coatings and field coating services.2013 ShawCor completes a court and shareholder approved plan of arrangement to eliminate its dual class share structure. ShawCor's Class A and Class B shares are replaced with a single class of common share[/quote]


Latest ShawCor Ltd. News

ShawCor announces contract to provide pipe coating services for the Shah Deniz Stage 2 project

ShawCor Ltd. (TSX:SCL) today announced that its Bredero Shaw pipe coating division has received contracts with a value of approximately US$200 million from BP Exploration (Shah Deniz) Limited for pipeline coating and other services in connection with the Shah Deniz Stage 2 development project. The c... Monday, September 29, 2014

ShawCor completes sale of Brazilian joint venture interest

ShawCor Ltd (TSX:SCL) announce that it had completed the sale of its Socotherm division's joint venture interest in Socotherm Brasil, first announced in December 2013, to its joint venture partner, Tenaris. Socotherm Brasil operates a pipe coating facility which is managed by Tenaris and which i... Friday, September 5, 2014

ShawCor Ltd. acquires Desert NDT

ShawCor Ltd. (TSX:SCL) announce that it has completed the acquisition of all of the outstanding shares of Desert NDT LLC ("Desert"), first announced on May 8, 2014, for a total consideration of approximately US$260 million, subject to adjustment for changes in working capital. Desert is a ... Wednesday, July 9, 2014

ShawCor announces contract to provide pipeline field joint coating services for the South Stream Project

ShawCor Ltd. (TSX: SCL) announce that its field-applied pipeline coatings and services division, Canusa-CPS, has received a contract with a value of approximately Cdn $30 million from Saipem SpA to provide field joint coating services for Line 1 of the South Stream Offshore Pipeline. The South Strea... Friday, July 4, 2014

ShawCor announces contract to provide pipe coating services for the South Stream Offshore Pipeline

ShawCor Ltd. (TSX: SCL) announced its pipe coating division, Bredero Shaw, has received a contract with a value of approximately US$50 million from Marubeni Sumitomo Consortium for coating services for Line 2 of the South Stream Offshore Pipeline. The South Stream Offshore Pipeline system is compris... Tuesday, July 1, 2014

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